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European Parliament Brussels, 7 February 2012 David Denzer-Speck, KfW Bankengruppe. The employment potential of the directive for energy efficiency. Energy efficiency and jobs KfW: Some facts and figures. KfW: Facts and figures. Promotional bank of the Federal Republic of Germany
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European Parliament Brussels, 7 February 2012 David Denzer-Speck, KfW Bankengruppe The employment potential of the directive for energy efficiency
Energy efficiency and jobsKfW: Some facts and figures KfW: Facts and figures • Promotional bank of the Federal Republic of Germany • One third (EUR 22.8 bn) of new business volume for climate and environmental protection in 2011 • Between 1990 and 2009: energy efficient renovation or new building of 3.1 million housing units were promoted by KfW loans and / or grants • “energy efficient building and rehabilitation“ as benchmark programs. For 2010: • New jobs or jobs secured for one year: 284.500 • 73 % direct job effects, 27 % indirect job effects • Jobs for SMEs: 82 %
Energy efficiency and jobsWhat are the special qualities of ‘efficient’ jobs? Programs: energy efficient building and rehabilitation • Product development and research: 7 incl. 2 technical experts • Technical audit of projects: ~ 100 • Non-specific administrative tasks Within KfW • External technical experts: 5 • Evaluation: Institut Wohnen u. Umwelt, FZ Jülich, Bremer Energieinstitut • Evaluation credit risk, loan decision, handling of loans: German banking sector Externally Program for energy efficiency consulting (Energieeffizienzberatung) • Decentralized network of KfW accredited experts (~ around 2000) • KfW partly pays for the consultancy
Energy efficiency and jobsRealization of employment potential, actors & success factors Success factors Actors • Awareness: subsidized interest rates, branding (KfW 70) • Conditionality: clear, transparent and technologically neutral conditions, checks and audits • Broad access: decentralized on-lending, advertising • Leverage: involvement of private capital (cap of EUR 50 K respectively EUR 75 per housing unit) • Embedment: Close interconnection between promotional programs and the (legislative) framework • Public, government • KfW . • German banking sector • Ministry
Energy efficiency and jobsWhat role can the Energy Efficiency Directive play? General role of policy goals • Reduction of final energy consumption in the German housing sector by 20 % until 2020. Program evaluation 2010: ~2.700 GWh / a 20 % of the necessary reduction per year • 40 % reduction of CO2 emissions within the housing sector until 2020: • Program evaluation 2010: 999.000 t / a. • 45 % of the necessary reduction per year.